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Nufarm Finance (NZ) Limited Analysis
Overview
Nufarm Limited is one of the world's leading crop protection and specialist seeds companies. Nufarm produces products to help farmers protect their crops against damage caused by weeds, pests and disease.
With manufacturing and marketing operations based in Australia, New Zealand, Asia, Europe and the Americas, Nufarm employs more than 3,400 people, all of whom make a vital contribution to the company's reputation for quality products, innovation and first class marketing and technical support.
Nufarm's head office is located at Laverton in Melbourne. Its preference shares, NFFHA are traded on the NZDX.
Performance
The following information was extracted from Nufarm Finance (NZ) Limited's full year results, released on 16 November 2023:
Highlights
- Statutory net profit after tax of $111 million, up 3%
- Underlying net profit after tax down 8% to $122 million
- Underlying EBIT of $250 million up 6%
- Underlying EBITDA of $438 million, down 2%
- Net debt to uEBITDA 1.9x, within 1.5 – 2.0x target range
- Unfranked final dividend of 5 cents per share
- Global footprint and portfolio diversity provides resilience
- Innovation and technology delivering improved product mix
- Continued progress on all key strategic growth milestones
- Seed Technologies delivers strong double-digit growth
In any given GDT Event the GDT website may display a range of results other than price, as explained:
- ' – ' means that the product was not offered.
- ‘n.s.’ (not sold) means that no product was sold.
- ‘n.p.’ (not published) means that product was sold at the starting price, and therefore GDT cannot publish the winning price. For an explanation of this rule, see question 9 in the "Common questions" page under "About GDT" at www.globaldairytrade.info
- 'n.a.' for the Average Winning Price means that no prices were available for that contract period (for the reasons above), and therefore no average price was applicable.
For clarification where GDT publishes ' – ' or ‘n.s.’ (not sold) NZX results will also display a '-' or 'n.s'.
Where the GDT website displays ‘n.p.’ (not published), NZX will display the starting price. Note that the NZX results page will not differentiate between prices that are equal to starting price or those that have exceeded starting prices.
'n.a.' for the Average Winning Price as displayed on the GDT website are not displayed on this results page.
Note that N/A in the table below means there has been no change between current and previous price.